Okla. Stat. tit. 15, § 15-767: License for closing out sale - Application - Forms -

Contents - Affidavits - Fees - Violations.

A. It shall be unlawful and deemed a Class D1 felony offense

for any person to advertise or conduct a closing out sale unless a

license is first obtained to conduct such sale. Any applicant for a

closing out sale license shall file an application in writing and

under oath with the clerk of the district court, on an application

form prescribed by the Attorney General. The application form shall

contain the following information, and such other information as the

Attorney General may require:

1. The name and address of the owner of the goods, wares, or

merchandise to be sold;

2. A description of the place of business where the sale is to

be held;

3. The name and address of the person holding or conducting the

sale;

4. The nature of the occupancy of the place where the sale is

to be held, whether by lease or otherwise, and the effective date of

termination of the occupancy;

5. A full and complete statement of the facts regarding the

proposed sale, including the reason the sale is being conducted, the

manner in which the sale will be conducted, and the commencement and

termination date of the sale; and

6. A complete and detailed inventory of the goods, wares, and

merchandise to be offered at the sale as disclosed by the records of

the applicant or a statement of both the cost and retail value of

the inventory of goods, wares, and merchandise to be offered at the

sale, based on the physical inventory used for the most recent

federal income tax returns adjusted for sales, purchases, and

markdowns of the applicant. Adjustments for sales, purchases, and

markdowns shall be shown on a monthly basis to the date of the

application.

Any person who advertises or conducts a closing out sale without

first obtaining a license to conduct such sale shall, upon

conviction, be guilty of a Class D1 felony offense and shall be

punished by imprisonment as provided for in subsections B through F

of Section 20N of Title 21 of the Oklahoma Statutes.

B. Each application shall be accompanied by an affidavit signed

by the applicant attesting to the facts in the application.

C. A fee of Twenty-five Dollars ($25.00) shall be charged by

the clerk of the district court for the issuance of a license.

D. Any person making a false statement in the application, upon

conviction, shall be guilty of a Class D1 felony offense and shall

be punished by imprisonment as provided for in subsections B through

F of Section 20N of Title 21 of the Oklahoma Statutes.